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the same everywhere, do aly everywhere, very rapidly, i mentioned egypt is growing, china is growing, india is growing, india is an interesting case as well. win india became independent in 1490 -- 48, in 48, india chose the economic model which was extremely popular at that time, closed border state controlling the industry, you couldn't start a new business, even a small business without the state authorization, and this was supposed to bring india out of poverty. between 1991, was 1%. this was so predictable, so constant, so regular, that economists in india called that the into rate of growth, as if 1% was rted in the indian or hindu culture. in 1991, the finance minister decided to open the border to welcome foreign investments to a certain extent, to the license system, and india is growing 5%, 6%, 7% according to the year. i mentioned in the a because it is less known, what happened in china, i will not elaborate. one of the miracles which is not a miracle,ust an application of sound principle and good economic policy, shows that the cost share, religion, civilization is not a key fa
>>> tonight on "worldfocus" -- >> in india, swine flu has triggered a wave of panic with schools, theaters and shopping malls shutting down. tonight we investigate the health threat there and elsewhere. is the flu fear justified? >>> glimmer of hope. surprising numbers show germany and france have pulled out of recession. could the rest of europe be far behind? and what does that mean for the u.s. economy? >>> as secretary of state clinton meets with the first woman president of liberia, we look at the women's movement in that west african country. a force so strong, it drove a dictator from power. >>> and we continue our look at the impact of climate change on remote lands. traveling to cambodia to meet the monks out to save a forest one tree at a time. >>> good evening, i'm martin savidge. we are going to start here tonight with a subject that has a lot of people here and throughout the world increasingly concerned as we heard towards fall that. subject is the h1n1 swine flu virus, which according to the world health organization has killed just under 1,500 people worldwide. ri
>>> tonight "worldfocus" -- >> in india, swine flu has triggered aave ofpanic with schools, theaters an shopping is the flu fear justified? >>> glimmerof hope. surprisingumbers show germany and france have pulled out of recession. coulthe rest of europe be far behind? and what does that mean for the u.s. economy? >>>as secretary of state clinton meets with the first woman presidt of liberia,we ok at the womes movement in thatest african country. a force so strong, it drove a dictator fm power. >>> and we cntinue our look at the impact of climate change on mote lands. traveling to cambodia toeet the monks out to save a forest one treet a time. >>> good ening, i'm marti savidge. we are going to starhere night with a subject that ha a lot of people re and throughout the world increasingly concern aswe ard towards fall that. subject is the h1n1 swine f virus, which according to the world health oanization has kied just under 1,500 people worldwide. rit now it's spreading through india th its vast and densely packedopulation, to use the words of "the new york tes." it has been c
be off the on markets like india in particularly actually. >> mark, this is christine again. one story we're focusing on, china's wealth fund, cic to buy u.s. mortgages. what does it say about the chinese appetite for u.s. trishes, and is this an ideal investment for the chinese? >> gee, i didn't see that news headline. i would say $2 billion isn't a lot of money for china. it's a lot of money for the rest of us but not for china. the chinese have been very explicit they want to take advantage of the weak prices globally to make acquisitions. they've been trying to make acquisitions in resources around the world. i don't read anything huge into it. sorry, christine, not one way or the other. >> thanks for joining and sharing your thoughts with us. mark matthews and aaron snipe. >>> banker bonuses under attack from all sides in the u.k. chancellor alstair darling told the sunday times he will change the law to ensure compensation is not paid to employees whose actions put banks at risks. the comments come with reports from bar clays is offering a massive package for several employees being
of pakistan's neighbors, and i think of india. what do you make of india's stopping that ship? all we know right now is that they found, like, 60,000 pounds of sugar. they are still looking at it, but what do you make of india stopping that north korean ship? >> india is imposing the security council resolution, and i think it is a very positive sign. india has been very cooperative with us, and they had very many parallel interests with respect -- they have a very many parallel interests with respect to terrorism and with respect to the nuclear danger -- they have very many parallel interests. greta: am i wrong to be suspicious that north korea might have been being a little coy? because sending that ship off in the direction that they did, knowing that someone was likely to stop it, and having 16,000 tons of sugar sort of makes the stopping country look, well, wrong, for one. >> nobody knows what the north koreans have on the ships. if north korea, a country that has no significant economy, that has no close relations with any other country in the economic field, if they can get away wit
this morning, i'm guessing. >>> people in india are getting the keys to the cheapest car in the world. how i remember this. what does it mean for the u.s. auto industry. clark howard breaks down how the new car might help your wallet in the future. >> the nano car, the world's cheapest automobile is now in people's driveways in india. this car you can buy in india for $2500. that's right a full four-door car seats four people you like a fifth you don't, is now available and selling like crazy. you may wonder, why am i telling you about a car that's only available in india? big news, this car just passed the european union safety and crash test, a car somewhat similar to ours and europeans are already buzzing they're going to be able to buy a car, even with the modifications for european will end up being somewhere around $3500. what about us? i want you to know, for us, this is a clear trend that we are going to see, in the next few years, cars cheaper than you ever imagined, about the price of a motorcycle. i'm clark howard. for more ways to save, go to cnn do cn cnn.come/clarkhoward. >> cl
blake and i were in india recently and the indians are a major factor in the region. they're the dominant power. improveb -- improving u.s.-indian relations ha been a continual goal of the last three u.s.strations, all which i think have been successful in that regard, starting with president clinton's trip in 2000. i will keep the indians fully informed and i have an indian counterpart who i keep fully informed in india. >> ok. going to open it up. [unaudible question] >> i'm not going to stand so i don't block the cameras. >> please identify yourself. >> martha raddatz from abc news. ambassador holebook i know you want to talk about the civilian side of this. >> but you don't? >> but the security is so intergind. tell me how that is affecting what you're trying to do, what kind of a hindrance that is, what hads to happen in order for you to succeed and as part of that i want to sigh that a lot of people i talk to, civilians in afghanistan complain that they really can't go outside the wire in certain areas because of the security. >> you mean the americans? >> yes. >> le
. the other was that the main landmark, the gateway to india. more than 50 were killed, nearly 180 wounded. last week, a special court connected -- convicted three individuals of plotting bombings. outside court, the main prosecution lawyer had this to say. >> this decision is very important and will give us [inaudible] illegal activity, taking the lives of the innocent. >> today, the judge handed out the death penalty. all three pled not guilty, and are expected to appeal the sentence. they're trying to place under high security and a powerful anti-terrorism law that no longer exists. prosecutors argued that the bombings were carefully planned and an act of extreme brutality. all three deserve the hearts sentence, they say. the bombings were said to be retaliation for anti-muslim riots in 2002. all three are said to be members of a band pakistani militant group accused of carrying out last year's mumbai attacks, which led to increased tension between india and pakistan. >> just a footnote, pakistan has asked the international police agency interpol to issue a global alert for 13 suspects
, israel, india and pakistan, they are not bound by the treaty, but iran is. iran violated that treaty in approximate a series of approximate a series of differen iran has been sanctioned by the united nations for those violations. the sanctions are too weak to cause a change in iran's behavior, but at least it it demonstrates iran has violated the treaty responsibilities. the fact is that while iran has the right to develop electricity from nuclear power plants, they are flaring their natural gas they could generate electricity for a couple kilo watt. >> host: why are they? >> guest: they have no way to export it, liquiified natural gas plant to markets. >> host: back to afghanistan, full page, photograph for afghans, a new test of democracy, their presidential election. their elections are coming up in 10 days, i believe august 20th. what are your hopes for the election? >> guest: a fair and free election would be outstanding step toward building afghanistan as a state. i can't tell you that i'd vote for this candidate or that can d candidate? >> host: is karz ai the best candid
this year. dell hopes china and india will drive revenue growth next year. it looks like we are up big on those earnings reports. good news there. dell enjoying nearly 8.5% higher. hank greenberg tells cnbc that there's no truth that he's leading a grew buyback for aig. aig rose 26% on tuesday on reports of reaching out to determine how to run the company. well, you can get more news, videos and blogs online at cnbc.com. ross. >> still to come on today's program, as well, deflation unemployment hit record highs in japan. we'll assess the likelihood of the land slide victory and what it means to investors. the u.s. economy that long 1% in the second quarter, unchanged from our initial estimates. from post party sickness syndrome? there's a revolutionary cure. it's called cascade all-in-one actionpacs. and it's like adding the ultimate button to your dishwasher. because it has the power to pre-wash... dissolve... and rinse the whole mess away. so in the morning your dishes will feel like new again. and so will you. cascade complete all-in-one actionpacs. >>> okay. we've got the global up
of the europeans and particularly in conquered india, as the prime concern. we can easily think of m blocks today. hits observation in fact is one of the few solid and enduring principles of international and domestic affairs. well to keep in mind. at the food crisis is a case in point. it erupted first and most dramatically in haiti in the early 2008, and like bangladesh, haiti is a symbol of the utter misery. like bangladesh, when the european explorers arrived, they said they were stunned because it was so remarkably rich in resources. later it became the source of much of france's wealth. i am not going to run through this sordid history but the current food crisis traces back directly to woodrow wilson's invasion of haiti, which was murderous and brutal and destructive. among wilson's many crimes was to dissolve the haitian parliament at gunpoint, because if refused to pass what was called progressive legislation which would allow u.s. businesses to take over haitian lance. wilson marines then ran a free election in which the legislation was passed by 99.9% of the vote. that is of the 5% of
china is about 30%. if you look at 40 years down the line, china and india will be above that. so you have an enormous structure taking place and, therefore, a strong engine of growth. clearly, if the u.s. consumer was going to collapse again, i don't think the chinese, indian, brazilian consumer would be able to compensate. but if we have a stabilization, as i believe we will have in the western economies, i think that the marginal call is going to be on the emerging economies and i think that's the engine of growth. >> manford, what do you think? to believe what virginie said makes you think asia can decouple with what's going on in the rest of the world. >> i have to agree with her to a larger extent. the asian consumer is becoming more important. but the absolute numbers don't show it. it shows an increasingly large consumer. but we need the situation where the u.s. consumer does recover to at least a moderate extent. i don't think complete decoupling is a possibility. >> mamprett gill, thank you, thank you, virginie, as well. >> thank you. >>> west lb is refusing to comment on su
, india and pakistan, they are not bound by the treaty, but iran is. iran violated that treaty in approximate a series of different respects and iran has been sanctioned by the united nations for those violations. the sanctions are too weak to cause a change in iran's behavior, but at least it it demonstrates iran has violated the treaty responsibilities. the fact is that while iran has the right to develop electricity from nuclear power plants, they are flaring their natural gas they could generate electricity for a couple kilo watt. >> host: why are they? >> guest: they have no way to export it, liquiified natural gas plant to markets. >> host: back to afghanistan, full page, photograph for afghans, a new test of democracy, their presidential election. their elections are coming up in 10 days, i believe august 20th. what are your hopes for the election? >> guest: a fair and free election would be outstanding step toward building afghanistan as a state. i can't tell you that i'd vote for this candidate or that can d candidate? >> host: is karz ai the best candidate to hav
and i have proof of this. four or five weeks ago i was in india for the first time. very excited. very early in the morning about to visit the taj mahal and picked up the paper as i was going into breakfast and there was a picture of gabriel marquez whoever ran the newspaper new it was a face that readers would recognize. he was very well known in india and the story rather marquez would ride together. to be put on the front page in terms whether he would write again and the same would happen if you ask in india or turkey, they might or might not know but they do know those people who read. which is why i have asserted high maybe wrong, but he is perhaps the world's first global novelists. 100 years of solitude which he published in 1967 was the world's first global novel that would make sense because it makes the transition from what we call traditional society mainly preliterate society from technology society that most countries are. one of the things i discovered >> it appears in the headlines and latin american newspapers and they know what is peacock. >> one of the things that st
on india? we have the economy growing 6.1% in the june quarter. how sustainable is it once this sort of stimulus kind of wears off? >> well, it seems that, you know, all those countries that have been hit much harder than the u.s. itself, the u.s. was the epicenter of the crisis, but all the asia countries have been hit much harder and have fallen down further. so they rebound also in a stronger fashion. i think this is just a rebound of, you know, looking like more recovery potential. but i think, you know, as the u.s. is also picking up speed now in the third quarter. we should be quite a sustainable recovery across asia. >> yeah. we also have in japan, of course, a new government in place. we also have mixed data coming out, japan today. we have industrial output better than expected growing 1.9% in july, but retail sales also falling in july, as well. how do you think all of this is going to weigh on the bank of japan? >> well, we think that the bank of japan is going to keep the monetary policy for a considerable period of time. but certainly what we are now seeing is at least i
. schools and colleges have closed for a week in india as the spread of h1n1 swine flu is tried to be contained. mumbai has seen 11 of the country's 15 deaths from swine flu. >> the australian government is funding a cull of feral camels. there are at least 1 million that are damages vegetation and infrastructure. welfare groups favor instead to make them infer tile. >> how does a ship disappear near one of the busiest shipping lane in the world? the search is on for a cargo vessel last seen off the coast of france and now missing for two weeks. it may have been taken over by pirates, something unheard of in european waters. >> how can a 4,000 to know cargo ship pass through the english channel two weeks ago, and then simply disappear off the face of the earth? the coast guard received a call from the arctic sea on july 28. what they didn't know is that shed earlier been attacked and boarded in swede issue waters by gunman pretending to be swede issue police. july 23, it set off with a cargo of timber. the next day, it was boarded. the crew tied up, and the ship continued. on ju
unnecessary. on top of that, the huge expansion of economy such as china and india means that in our working lifetimes, the size of the european economy relative to address the world looks set to shrink dramatically. projections have shown europe's share of the world economy declining from 18% to 10% by the middle of the century, and even the united states is not immune from the effect of economic problems. this diminished economic weight will have a major impact on the ability of western nations to achieve their foreign policy goals. we are used to the idea of calling for economic sanctions against nations whose human rights records we find an acceptable. south africa under apartheid being a celebrated example. now we apply them to recalcitrant and regimes. it is already clear that the power of such economic weapons is declining. it follows from this analysis that it will decline much further in the years to come. what is more, much of the economic weight in the world is passing the countries which either do not fully share our concepts of democracy and human rights or for their own reasons
to pass a resolution in the u.n. council on human-rights. india, another rising power and the world's most populous democracy, is traditionally not inclined to support our western inclination to support human rights and economic pressure and military intervention. nor are many of the growing economic power centers in the world, brazil or in the call. not only has the world not converting around our own democratic norms, but according to a survey, global freedom to his third year of decline in 2008, but nearly powerful democratic nations do not share our view of how to conduct foreign policy. the liberal interventionism has generated much debate in britain. but the varying degrees, all have subscribed to it. the economic conditions have enjoyed some support as has military intervention in many countries. iraq being a much more controversial case, but heavily supported at the time. we're all agreed that we would try to intervene in another situation. but in the years and decades to come, the rise of other nations will constrain our ability to act in this way. a further constraint will come i
, whether that's new or not, india or pakistan possess nuclear weapons. >> right. >> and as it stands, those are just accepted responsible nations, so-called responsible nations. and then we saw pakistan and india go to war just a few years ago. threatening each other and they were told not to. is it a wise policy now to allow iran, knowing that -- >> to allow -- >> allow iran or to allow po persist or to go ahead with the nuclear armament? knowing that iraq and iran fought each other with the chemical weapons and how iran is threatening other countries in the middle east? and the religious fundamentalists are threatening each other. and now they're trying to contain that but from what i get from yours, it's all a superpower ideology, of course, that is true during the cold war. >> so let me try and answer your question about iranian -- the iranian effort to acquire nuclear weapons assuming that is what they are trying to do. i think we have to look at this in terms of two issues. one is the issue of nuclear proliferation generally and this relates to the faithlessness of the existing nuclea
medicine. last week after working for years only with the generic drug companies principally in india and south africa, we announced our first big agreement with a large pharmaceutical company, pfizer, the biggest of all, has agreed to work with us to cut the price by 60% of the only drug we know that is affected at treating tubular chlorosis with people who have had aids for a long time. in other cases, all this medicine almost makes the conditions were spread half a million people die from this disease who have aids. the interactions of the madison and the t.b. medicine is often not good. the fact that they were willing to cut the price 60% will save a couple hundred thousand lives a year within two years. that is answering the how question. we tried to do the same thing in climate change where we are working with 40 cities around the world to reduce greenhouse gas emissions by retrofitting public housing, or big public buildings, or changing the street lights, or putting in new led streetlights in los angeles, or making ports more efficient, are working on better public transportat
for joining us. let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an extremely high weighted in the index, that counter is flattened. but the rest of the market is looking good. telecom is definitely in focus. reliance communications now, we are expecting up from our sources that reliance communications is in talk for source based information up now. but that counter is holding up. more update coming in part and mtn, the deal is currently on and our sources indicate that the board will be meeting today. if it is conclusive, we can expect some agreement from the deal in the next ten days. the going has been good for that one. the metals space and the real estate
this market. and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight eight with seven consecutive days tying its longest win streak of the year. it looks like we could have a mixed open at least in about 5 1/2 hours time from now. moving on to the treasury market on the back of another relatively successful auction yesterday of two year notes and ahead of another auction today of seven year notes, we do see the bund yield creeping up at 3723%. yesterday, the price went up just a little bit on the benchmark ten year t-note and the yield came down and that trend is continuing, although it's basically unchanged with yesterday's close right now at 3.43%. and then mov
's basically the only computer people are going to have in emerging markets. in india a government regulator just put out a report, four times as many people getting on the web on their phones as on their pc. >> what about that? do you buy into some of these trends or are you just literally looking very specifically at dividend plays and value plays? >> well, one of the things that we've seen is the u.s. consumer and consumer around the world is actually continuing to buy stuff, which is great. you would think that with the challenges the consumer has faced over the last year or so in deleveraging and everything else and the job market the way it is the consumers wouldn't be spending. but one of the things that we're hopeful about with the economy is that the consumer's actually out there spending money. >> well, what about the market here? you're talking about a market that's up 50% from the bottom on march 9th or so. >> we think right now we're pretty much as close to a maximum value point for the moment. when third quarter earnings come out, we expect them to be pleasing enough that the m
to call this glass new. it goes back to the origins of world trade to the east india company and hudson bay company. there is nothing particularly new to be a fruitless soldier and diplomat or preacher or businessman or woman for decades ibm employees have said the initial stand for i have been moved. what is new, the relos themselves, the breadwinners -- i will start -- what is new is growth in numbers of corporate relos, a figure i estimate to be about 10 million people, that is the breadwinners themselves and their families and how that has grown with the growth of the american economy. american foreign trade to cite a statistical the goods and services we buy and sell abroad has leaped from about $400 million in 1970 to over 3 trillion now as companies american and foreign compete. they need people to carry their banner and build business far from home. you've not heard the word reloville because i made it up. it is about workers and families frequently relocating, they are see real long-distance movers. the word relos originated among agents who specialize in catering to them. relo
: in addition to asean, the rmb can then be used as a trading currency with india, pakistan, russia, japan and korea. and the third step is to use the rmb globally. that's the general plan. >>reporter: actually, this is a huge plan - that's aimed at reducing the us dollar's dominance as an international currency. but first, beijing has got its work cut out. the country needs a social safety net to help through any financial shocks. and it should also liberalize its capital account and the convertibility of thecurrency. only then could the rmb hope to join the reserve currency club. >>song: and right now, we're not there yet. still we need a lot of time to build up china's capital market, banking system and also the social security and the insurance system. >>reporter: as for a time frame, the jury is divided - optimists cite 15 years, the pessimists 40 ! >>: for now, china will pay for brazilian sulphur in dollars. nonetheless, neighboring governments, eventhe us, welcome measures, albeit modest, that allow greater international use of the rmb. but some asean traders still need convincing.
and india you have to have a strategy for economic growth and economic to filament in a period of considerable challenge. our argument is if we want to build a safe prosperous and free future we need to create the most productive most creative most entrepreneurial pro-market economy that runs on smart and effective economic regulation. let me be clear. i believe if you set out and say well what maximize their are ways to do that. you said what maximize the number of small businesses created by small business there are ways to do that. if you said how can i have the most continuous process of innovation we know how to it just doesn't fit the political elite definition of the future which is high techs, bigger shocker c and politicians entered. so, long term we're going to need budgetary reform legislation. it's interesting the last congress more than a dozen bills introduced to establish entitlement and budget commission's but if all the legislation did was have the same old conversation within the same old frame work you in fact wouldn't achieve very much. you end up with a com
-- question was on the geography between pakistan and india. is it critical that the united states try to play a role? that's on really problematic with respect to the indians in terms of defusing tensions between india and pakistan. is that outside 9 postal -- the portfolio of this group? >> it is outside the portfolio of my job. on the other hand, i am in constant touch with the indians. i met with the indians continually. the new ambassador in washington and i have had dinner recently and she and i are in close touch. i go to indio whenever the schedule permits. i stress we're completely transparent. the secretary of state and my close colleague assistant secretary for south asia, central asian affairs bob blake and i were in india recently and the indians are a major factor in the region. they're the dominant power. improveb -- improving u.s.-indian relations ha been a continual goal of the last three u.s.strations, all which i think have been successful in that regard, starting with president clinton's trip in 2000. i will keep the indians fully informed and i have an indian counterpart w
and india, you have to have a strategy for economic growth and development in a periodic and serious challenges. our argument is that we want that build a safe and prosperous future, we need to create the most productive, most creative, must entrepreneurialism, pro- market economy that runs on smart an effective economic regulation. let me be clear. i believe that if you set out and say what would maximize the number of law entrepreneurs in america, there are ways to do that. what would maximize the number of businesses created by small businesses, there are ways to do that. if you said, how can i have the most continuous process of innovation, we know how to do that. it just does not fit the political elite definition of the future, which is high tax, big bureaucracy, and politician- centered. long term, we won the budgetary reform legislation. more than a dozen bills introduced to establish entitlement and budget commission's, but it all the legislation did was have the same all conversation with in the same old frameworks, you impact would not achieve very much. you end up with an
. >> you travelled around, germany, france, india, the uk, what did you notice. what kind of recommendations did you get about how they would go about treating it? >> everybody approached it differently. several countries would have done the same high-tech procedures, operation that an american doctor recommended. much less, 1/6 of the cost, 1/8 of the cost. in britain, the doctor told me to live with it. you're living your life. not going to fix this. good care in canada, not if you're only hurt. n only if you're acutely sick. he said i'll send you to the orthopedist, it will take six to nine months. >> india -- japan, i believe, they wanted to try other things first. india, alternative medicine. herbal remedies and massage. >> that's right. we did herbal medicine for five weeks. six guys massaged my shoulder with warm oil every day. it worked. more movement and less pain out of it. and the japanese insurance system would have paid for that. they paid for acupuncturacupunc shots -- japan covers everything. that's the broadest choice of any health care system i have ever s
. host: hobart, indiana. george on the india line. caller: good morning, gentlemen. glad you took my call. i just don't understand for one thing, mr. pappas. how come there is no flexibility between the parties when i have -- my wife and i have two insurance companies, employer insurance companies and we are consumed almost virtually 20% of our gross income, we are not talking about shared costs. or pharmaceutical or anything catastrophic that would happen to us. we are still going to be placed into bankruptcy. why isn't there some sort of consideration? why can't the two chambers of the house come to some sort of compromise to where we are put in a sunset or triggering mechanism to where we could try this new system of universal healthcare coverage? i don't want to use socialism because it is such a key word, a buzzword for a lot of medicaid and medicare people. they think that they are not part of the socialist medicine group. guest: what george just shared with us, i think, is very important and it reminds me of my parents' own situation. my parents live in massachusetts where they ha
arm, pakistan at risk, the potential for confrontation beeen two nuclear armed forces in india and kistan that could result, when you look at all the possibilities o ting this go, and i thi that's got to be clearly made to americans, t not only americans i mean i think no has been woefully uerrepresented in this thing. when we go to, who reay has put boo on the ground and engaged, is the brits, it'she dutch, it's the canadians. ere are the others, you ow, in the 28 nati. >> so that's aery important point abt presidential learship. so how do you -- w do you get them t come around? >> well, i think tha we have to have tse sorts of -i think this is a defining momenfor nato. they shouldn get a pass on this. wasn't just waington and new york that re attacked. it was madrid and it was lond and almost several other capits. and of course the charter ys an attack on one ian attack on all. that is what was, you know, oked in terms of the nato commment. and i don' think we shld be giving passes at, look, u can sort of provi some economic support and you get a pass on putting boots on the
, france and germany in recovery in the second quarter. we know china. we know india. i mean, aren't these favorable conditions, mohammed may be right about a short-term pull back. but you look at the global scene, you look at the u.s. scene, really isn't this the moment? >> i don't think anybody is debating that the trajectory is certainly improving. i think that the real question here is matching up where expectations reside relative to where securities are valued at this point in the cycle. and i think it's absolutely reasonable after this massive move off what we're quite admittedly over sold levels in march, for us to take a break and think about just how realistic a 25% earnings growth rate is going to be in 2010, because right now, that's about where this market is assuming. >> okay, so craig, how long a break? you say take a break. when are things going to actually shift is and move upward in your opinion? >> we have got to get through the next cycle of corporate earnings. coming out of the second quarter, this market had a terrific sense of relief, because earnings estimat
with a nuclear arm, pakistan at risk, the potential for confrontation between two nuclear armed forces in india andd pakistan that could result, when you look at all the possibilities of leting this go, and i think that's got to be clearly made to americans, but not only americans. i mean i think nato has been woefully underrepresented in this thing. when we go to, who really has put boots on the ground and engaged, it's the brits, it's the dutch, it's the canadians. where are the others, you know, in the 28 nation. >> so that's a very important point about presidential leadership. so how do you -- how do you get them to come around? >> well, i think that we have to have these sorts of -- i think this is a defining moment for nato. they shouldn't get a pass on this. it wasn't just washington and new york that were attacked. it was madrid and it was london and almost several other capitals. and of course the charter says an attack on one is an attack on all. that is what was, you know, evoked in terms of the nato commitment. and i don't think we should be giving passes that, look, you can sort o
-- can you start a company in china today? increasingly you can. a company in india and america better wake up to that fact. they better wake up to the fact that other systems that regulate more, that pay for education and have more efficient healthcare systems are going to start becoming much more competitive economically than we are and we better start taking care of ourselves. and i'm not going to become an idealog. i'm not going to tell you people and i'm certainly not tell the jury or i'm not going to tell this woman who keeps laughing, that the only answer, the only answer -- i always remember this line from sinatra. sir, take your hand off that broad. [laughter] >> we're in las vegas. i can say that. >> what happens here stays here. [laughter] >> we'd better take care of ourselves and i'm not going to become an idealog or use lebron james as an example or ethiopia or tell you fannie mae did it all or distort the numbers or tell you everything is bad about private enterprise. not remotely. i'm going to tell you we better get some balance in america and we've lost that. we've lost
energy independence. >> guest: the united states could develop not just ourselves but for china, india, europe and japan if we could develop a hydrogen economy and we could return petroleum to been primarily a petrochemical feedstock for plastics unit overnight change the balance of power and you would have an enormous shift away from men as well, saudi arabia, iran, iraq, russia and that would be much healthier for the world at large. >> host: this next caller has a question about energy virginia. >> caller: mr. speaker, i have a comment and question and you just partially answered it. seems to me that high standards of living are directly related to our energy consumption and the question is, how do we achieve achieve energy along with conservation and at the same time finding new energy sources? >> guest: q2 simultaneously for things. first you go and strengthen subsidize renewals, solar, wind, and biofuels because all those are available. second, you work on conservation including composite material. ups has a new then there are expementing with that is a composite material rather
the whole thing when he was a soldier in india. but you can read condensed versions which a actually pretty good. gibbon is very wrong about religion. but he's very right about a lot of things, too. and it's just splendid, splendid reading. edmond burke, reflections on the revolution of france. i know everyone likes to put this book on their list but i hope a of you have read it and absorbed it. and if you haven't i encourage you to do so. the first time i came to washinon and started interacting with my fellow conservatives, i thought they must not have read this book. i remember going to a party that was thrown by someone who's quite famousight now, and he was a celebration of the french revolution party because to him this was a great blowor libertarian and democracy and all this sort of thing. i thought you've got to be kidding me. i thought it was crazy then and i still think it was crazy now. the premiums hat areital crucial and true are things that i think rub a lot of people in a knee-jerk way the wrong way. weave the famous line -- the age of chivalry isgone, that of economists and
it goes back to the origins of world trade, as far back as the east india company and hudson bay company, nothing particularly new to being a diplomat or preacher or businessman or woman. for decades, ibm employees have said the initials stand for i have been moved. what is new? the growth of the numbers of corporate freeloaders. the breadwinners, i will start -- what is new is the growth in the numbers of corporate relos, a number i estimate to be ten million people. the breadwinners and their families and how that has grown with the growth of the american economy. american foreign trade, to cite a statistic, all the goods and services that we buy and sell abroad, from $400 billion in 1970 to over $3 trillion now. as companies, american and foreign, they need people to carry their banner and build business far from home. you have not heard the word relosville because i made it up. they are cereal long-distance movers. the word relos probably a originated among suburban real estate agents who specify in catering to them. relos tend to reduce the tween moves in relovilles, suburbs caterin
-dominated, politician-defying, bureaucratically-controlled mess that has no capacity to compete with china and india in had the next generation. the decisions we make this year, next year, the year after are unbelievably important. your help this sumener making sure that everyone you know calls your congressman and your senators to tell them not to pass a giant energy tax that will crush the economy and not to pass a giant government-run health program that will crush the economy. this summer you have a chance to help change history. your help over the next year in winning the argument on your campus, winning the campus in talk radio, winning in letters to the editor, going to town hall meetings, arranging for debates on key topics, setting the stage for 2010 election, which sends a signal, we want america to get back on the right track and setting the stage for 2012 election where we end up having as with jimmy carter, ensure liberalism is a one-term experience, that is the key to being successful over the next generation. let me if i could take questions. [ applause ] >> yes, ma'am? [question ina
the same health care and food as boys. in india, for example, girls are less likely to be vaccinated that be boys and are take on the the hospital only when they are sicker. the girls in india from 1 to 5 years of age are 50% more likely to die than boys their age. in addition, ultra sound machines have allowed a pregnant woman to find out the sex of her own fetus and then get an abortion if it's female. the global statistics on the abuse of girls are numbing. it appears that more girls and women are now missing from the planet precisely because they are female than men were killed on the batting field in all of the wars of the 20th century. so with a new administration in power and with a female woman heading the state department, how should u.s. priorities on women's issues internationally change? guest: the secretary of state hillary clinton is doing a marvelous job of highlighting the issue of women's equality around the world. one thing that we need to do in this country is the united states senate needs to ratify the united nations women's convention, the convention on the elim
's happening in china and india. >> yeah. see, here's the problem. i can't pull into the gas station and say, oh, that's above the fair market value. i'm only going to give you $1.95 a gallon. how much of this -- you said it was speculative. is it still liquidity -- a liquidity driven phenomenon? there's a lot of liquidity going into the market. >> you can't do a thing about it right now. obviously there's a lot of money on the sidelines that look for asset based investments right now. oil is becoming an investment right now so many different individuals. the fact that we're trades in the $70s and oil is nearly spilling on the ground in the united states, the consumers are so down and out right now. the fact that we are trading above fair value that will be rectified here very soon. >> conceivably, we could really -- oil prices could really crater? >> we think that we have the supply is nearly at an all-time highs right now. opec has -- >> we should be, what, $30? >> we should be probably around $50 to $55. we do have china and india. their economies are doing well. the u.s. is still by far
, crop shortages in this brazil and india, big talk. tradertalk.cnbc.com. >> bob, technology still holding up, nasdaq up 7.5 points. i take you to wall and show you big cap technology stocks. the story today dictated by apple. barclays capital raising the price target to 208 from 188, not only like the product line but free cash flow. stocks up 1.75%. microsoft strong, as well, 1%, talking about the zzunor next month. look at what is happening in the chips base. 1% for the semiconductor index, names internally within that intel, qualcomm, and r.w. baird. palm, jim goldman was telling you on the menu, smart phones, palm is up 4%, despite the fact it was cut to sell at morgan joseph, and an upgrade at morgan keegan. >> the question we often ask so many times, what's driving crude oil? we have two charts here that really put it in focus. first take a look at oil versus the dollar. the dollar has been down all day, but it's been so steady and you see the volatility in oil. so, okay, now flip it. take a look at oil versus the s&p 500. it's pretty clear, based just on those charts, and t
as a senior adviser in the state department of south asia bureau where she buys them on india- pakistan relations. she served with the cia as a political analyst on south asia. she is also a political ambassador in the early 1990's. she earned honors from the cia for her analytical work on indo- pakistani relations. speaking just before her will be in someone who has studied afghanistan since the soviet invasion of 1979. his fourth book on afghanistan, "afghanistan the graveyard of empires" will be published next year. he has testified before with house and senate committees and is a frequent visitor to the region. most recently, he was in afghanistan most -- last december. he served as a talking head on cnn, tbs, fox news, and many other media outlets. his work on afghanistan was recognized by the soviet government which awarded him the titles of "musharraf also fire of history -- boucgouis faslifier of histort." aren't second speaker was the for moline project was the former analyst at the u.s. department of state. he's also a professor emeritus at the university of thillinois. before
. furthermore when you're faced with competitors like china and india you have to have a strategy for economic growth and economic development in and time of considerable challenge. our argument is if we want to build a system of prosperous, and free future we need to create the most productive, most creative, most entrepreneurial pro-market economy that runs on smart and effective economic regulation. let me be clear, i believe that if you set out, say, what would maximize the number of entrepreneurs in america. there are ways to do that. what would maximize the number of smaller businesses created by small business? there are ways to do that. if you say, how can i have the most continuous process of innovation, we know how to do that. it just doesn't fit the political elite definition of the future, which is high tax, big bureaucracy, and politicians entered. so long term we are going to need budgetary reform legislation. in the last congress more than one dozen bills were introduced to establish entitlement and budget provisions. but all the legislation did was have the same old conversatio
limited. >>> from china, let's switch gears and head to india. ayesha joins us for the business report. >> it's been a volatile monday. asia was holding up. started off on a positive note. within minutes of trade it slipped down. around the 4500 level. just marginally holding. that's the case for the broader markets as well. what's dragging the indises down is the monsoon worries, which still hasn't picked up in certain key regions of the company. you have a couple of monsoon sectors. big draggers today. unilever stocks one of the losers today. what's gaining on the flip side is the entire i.t. sector. they are maintaining a good 6% gain right now. of course, pharma is holding up pretty well. in the meant, talking about monsoon, the worries clearly continue. they have actually stayed down the long-term forecast to 80% from the previous 95%. that as the market is watching. meantime, the swine flu death toll has risen in the country. in fact, it's gone up to six, with two deaths reported this morning in all. so that, of course, is bringing a flurry of activity with the entire pharma pack
and india have had bad weather. so if you put that together, we're seeing shubert prices in the market hit 28-year highs. so a lot of action. major companies like general mills and kraft wrote a letter saying they need a reduction in tariffs on imports of sugar, and this is the reason why. they think that by the end of the year on supply will only have a 13-day supply of sugar in the united states. they are worried, and having to handle some of these higher prices. if these prices, some say, do not come down, we will have to have them on to consumers. and of course we're in a recession, and that is not good. again, what these companies want to do right now, they can import sugar and do not have to pay a tariff. what they want to do is be allowed to import even more so they can help mitigate some higher prices, but when demand is up and supply is down, you are not really going to avoid those higher prices. what will happen is that as consumers, we will pay more, or you will see more artificial sweeteners, like corn syrup, being used in certain products. so we see prices come down, because i
last week. this market is up 1.1% today. the hang seng up 1.7%. and the sensex in india up 2.4%. in terms of nymex and crude, it is up on recovery, hopes that demand could be picking up. crude at $73.80. down two cents. brent as well, down five cents, $74.13 a barrel. a little bit of a putback in terms of nymex and brent. let's cross live to tokyo and check in on the trading day from the nikkei. >> thanks, christine. tokyo stocks rebounded sharply monday. they closed 3.35% higher. verch investors were hearted by friday. the market jumped 8.4% while cannon gained 3.6%. hitting the year to date another. the nikkei reported that the firm stands a chance of pushing profit in the year ending next march instead of the projected 10% decline. >>> meanwhile, polls are projecting a landslide victory for the main opposition party. investors are even more concerned that dpj lawmakers have been calling for tighter regulations on the consumer finance industry. confirming the nikkei report, the second largest convenience store operator lawsan, and matsumotokiyoshi have announced they will f
on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. and it's back to becky now. >> the world is focusing on the economic
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